Question: Consider the Aggregate demand - Aggregate Supply model, suppose the economy begins in a short run equilibrium with output equal to potential output. - Illustrate this scenario in an AS-AD diagram. What is the i ...
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Question: A firm faces the following demand curve: P = 120-0.20 * Q, and MR = 120 0.01 * Q. The firm's cost function T_C = 60 * Q + 25,000; MC = 60 (it is constant over all levels of output. If the firm maximizes profit, ...
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Question: Consider an online game that is popular in China. Besides having good skills, players performance also depends on the value of the virtual weapons they have in the game. There are two ways to obtain the virtual ...
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Question - The supply and demand curves for a given commodity are given by S(p) = 0.02(1 + p) 2 and D(p) = 10e -0.02 p where S(p) and D(p) are quantities and the price p is measured in dollars. Use the Malaren's series e ...
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Question: A firm invents and obtains a patent for a new strong, biodegradable fabric that is used to makegrocery bags. The demand function for these bags is Q = 800 - p. The firm's cost function isC(Q) = 100 + 100Q + 0.5 ...
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Question - This question is to get some practice drawing budget constraints. You are in your first semester at college and deciding to spend your income between textbooks and food. You have $360 for the month. Textbooks ...
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Question: In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Respond to the following points in your paper on the actions the government would take ...
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The Economics of Cities and Regions Assignment - Case Study - Local Government and Economic Planning Local government and economic planning Background: This assignment asks you to link planning, the economy and local gov ...
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Question - Analyze what economists mean when they say that monetary policy can exhibit cyclical asymmetry. How does the idea of a liquidity trap relate to cyclical asymmetry? Why is this possibility of a liquidity trap s ...
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Question - a. A firm producing two products X and Y where x and y are the quantity of product X and Y produced respectively. If the firm produces on the same isocost and has a fixed cost of $1000. Given the marginal cost ...
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